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BLUECLOUD SOL Plunges 5%; BSE IT Index Up 0.2%
Tue, 9 Jul 10:1

BLUECLOUD SOL Plunges 5%; BSE IT Index Up 0.2%Image source: KanawatTH/www.istockphoto.com

BLUECLOUD SOL share price has plunged 5% and is presently trading at Rs 203.2.

Meanwhile, the BSE IT index is at 38,571.5 (up 0.2%).

Among the top losers in the BSE IT index today are Eclerx Services (down 0.6%) and ROUTE MOBILE (down 0.4%).

INFIBEAM AVENUES (up 4.8%) and KPIT TECHNOLOGIES (up 2.3%) are among the top gainers today.

Over the last one year, BLUECLOUD SOL has moved up from Rs 57.9 to Rs 203.2, registering a gain of Rs 145.3 (up 250.8%).

On the other hand, the BSE IT index has moved up from 30,095.0 to 38,571.5, registering a gain of 28.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 167.0%), Birlasoft (up 100.8%) and INFIBEAM AVENUES (up 95.3%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,131.6 (up 0.2%).

The top gainers among the BSE Sensex today are Maruti Suzuki (up 4.8%) and MUNDRA PORT & SEZ (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,371.6 (up 0.2%). Maruti Suzuki and Titan are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,446.0 to 80,131.6, registering a gain of 14,685.6 points (up 22.4%).

BLUECLOUD SOL Financial Update...

BLUECLOUD SOL net profit grew 1243.2% YoY to Rs 86 million for the quarter ended March 2024, compared to a profit of Rs 6 million a year ago. Net sales rose 646.6% to Rs 2,131 million during the period as against Rs 285 million in January-March 2023.

For the year ended March 2023, BLUECLOUD SOL reported 531.3% increase in net profit to Rs 7 million compared to net profit of Rs 1 million during FY22. Revenue of the company grew 13100.8% to Rs 290 million during FY23.

The current Price to earnings ratio of BLUECLOUD SOL, based on rolling 12 month earnings, stands at 275.5.


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